,i #aaith ,,congress #b;d ,session ,h4 ,r4 #ajfeg ,,in ,,the ,,house ,,of ,,representatives ,october #a1 #bjbf,mr4 ,crank introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to allow a special depreciation allowance for qualified early childhood education centers4 #a4 ,short title ,this ,act may be cited as the ,supporting ,early ,childhood ,education ,opportunities through ,upfront ,tax ,deductions ,act of #bjbf or the ,,sprout ,act of #bjbf4 #b4 ,special depreciation allowance for qualified early childhood education centers 7a7 ,in general ,section #afh of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new subsection3 7o7 ,special allowance for qualified early childhood education centers 7#a7 ,in general ,in the case of any qualified early childhood education center of a taxpayer making an election under this section-- 7,a7 the depreciation deduction provided by section #afg7;a7 for the taxable year in which such property is placed in service shall include an allowance equal to #ajj percent of the adjusted basis of the qualified early childhood education center1 and 7,b7 the adjusted basis of the qualified early childhood education center shall be reduced by the amount of such deduction before computing the amount otherwise allowable as a depreciation deduction under this chapter for such taxable year and any subsequent taxable year4 7#b7 ,qualified early childhood education center ,for purposes of this subsection1 the term qualified early childhood education center means that portion of any nonresidential real property-- 7,a7 to which this section applies1 7,b7 which is used by the taxpayer as part of an early childhood education center which is licensed by any ,state to provide care for children under the age of #e1 7,c7 in the case of a taxpayer that is not licensed to provide such care1 with respect to which such taxpayer is party to a written binding contract with a person licensed by any ,state to provide care at such early childhood education center before construction of such property begins1 7,d7 which is placed in service in the ,united ,states or any possession thereof1 7,e7 which is designated by the taxpayer in the election made under this section1 7,f7 the original use of which commences with the taxpayer1 and 7,g7 which is placed in service before ,december #ca1 #bjca4 7#c7 ,exclusion of office space1 etc ,the term qualified early education center shall not include any nonresidential real property which is not a part of a building in which child care is provided4 7#d7 ,extension of placed in service date under certain circumstances ,the ,secretary may extend the date under paragraph 7#b77;,g7 with respect to any property that meets the requirements of subparagraphs 7,a7 through 7,f7 of paragraph 7#a7 if the ,secretary determines that an act of ,god 7as defined in section #aja7a7 of the ,comprehensive ,environmental ,response1 ,compensation1 and ,liability ,act of #aihj7 prevents the taxpayer from placing such property in service before such date4 7#e7 ,special rules ,rules similar to the rules of paragraphs 7#c71 7#d71 7#e71 and 7#f7 of subsection 7n7 shall apply to this subsection4 7#f7 ,regulations ,the ,secretary shall issue such regulations or other guidance as may be necessary or appropriate to carry out the purposes of this subsection1 including regulations or other guidance4 4 7b7 ,treatment of qualified early childhood education center as section #abde property ,section #abde7;a77#c7 is amended-- 7#a7 in subparagraph 7,f71 by striking or1 7#b7 in subparagraph 7,g71 by striking the period and inserting 1 or1 and 7#c7 by adding at the end the following new subparagraph3 7,h7 any qualified early childhood education center 7as defined in section #afh7o77#b77 4 7c7 ,effective date ,the amendments made by this section shall apply to property placed in service after the date of the enactment of this ,act4